Bush Lies Again

If people wonder why this blog is called Elephantlies, one only has to listen to George Bush on Tuesday explaining why gasoline prices are so high. Bush was continually wrong and the only question was whether he knew he was wrong and lying, or was it just that he doesn't study, isn't very smart, and is intellectually lazy?

Well, Bush did get us stuck in a war in Iraq, so maybe he's not too smart. But when Sen. John Kerry pointed out Bush isn't bright, conservatives jumped all over Kerry's "joke" so that can't be right. As result the only answer is that Bush must be lying, right?

Don't believe me? Let's go to the tape and look at a report on Marketplace, one of the few places that looked into the story and as a result all but called Bush a liar.

Bush: One of the main reasons for high gas prices is that global oil production is not keeping up with growing demand.

Oil Analyst: The U.S. market is well supplied.

Business correspondent Bob Moon pointed out that "analysts have been reporting that gasoline reserves in this country have been on the rise since October and in recent months, we've got more stored up than we have since the early 1990's, so as Shook points out, we've got enough on the supply side. Then you've got demand and that's actually been falling since last July. None other than the Bush administration's own Energy Department now says the demand for gasoline here is on track to see the first annual drop in consumption in 17 years."

Bush: Another reason for the high gas prices is the lack of refining capacity. It's been more than 30 years since America built its last new refinery.

Analyst: We're expanding refining capacity in this country. We have probably more than half a million barrels of new refining capacity per day under construction right now and I wouldn't be surprised to see another 100,000 barrels per day of new capacity announced in the next six months to a year.

But how are the current refineries operating? Moon pointed out that "We're actually using less gasoline lately. Well that means refineries here in the U.S. have actually been cutting back on production because their margins are tightening up."

So why is gas going up? Possibly that the dollar continues to drop against other major currencies. And why is the dollar dropping? Because of the policies of the current administration.

But would Bush tell the truth and say the reason the price of gas is increasing is his administration's fault? No, because elephants lie.